Tag: Orietta

UASC Exercises Final Option on HHI Boxships

first_imgMarch 10, 2014 zoom The United Arab Shipping Company’s (UASC) ordering spree has come to an end with a final order for one 18,000 TEU container vessel at Hyundai Heavy Industries (HHI) in Korea.The company announced yesterday that the final option for additional boxship had been exercised, bringing the total order to 17 ships, including eleven 14,000 TEU vessels and six 18,000 TEU vessels. The order, worth over $2 billion for all 17 ships, is the largest in UASC’s history.These 18,000 TEU ships will be among the largest, most technologically advanced, and most environmentally-friendly container vessels ever built.UASC hosted a signing ceremony in Dubai, where the newbuilding contract was signed by His Excellency Salem Ali Al Zaabi, Chairman of the UASC Board of Directors, and by Mr. Y. J. Ji of HHI. The ceremony was also attended by representatives from UASC’s executive management and senior management from HHI.His Excellency Mr. Salem Ali Al Zaabi remarked, “With the exercising of this final purchase option for one 18,000 TEU vessel, UASC completes its current newbuilding order in full. Today thus marks another important milestone in UASC’s transformation and growth story. Among our other assets, these vessels and UASC’s enhanced partnership agreements enable the company to improve its competitiveness in the key trade lane between Asia and Europe where the 18,000 TEU vessels will be deployed.”“UASC is committed to improve its competitive position in all key trades in which it operates and especially in other key trades where the Company’s existing 13,500 TEU and under-construction 14,000 TEU vessels will be deployed. In an environment where fuel oil remains the largest cost driver in the industry, our cutting-edge vessel designs have been developed with a clear focus on improving cost efficiency and enhancing environmental friendliness. This brings a clear benefit to our customers and UASC is proud to be a leader in the industry in these respects. All of these new ships will enjoy the most advanced fuel economy in the industry including, among others, being delivered as ‘LNG ready’; a first in the industry for vessels of this size,” added Mr. Salem Ali Al Zaabi.The completion of this significant newbuilding order between UASC and HHI marks an important step in four decade-long relationship between the two companies.The 14,000 TEU and 18,000 TEU newbuildings are scheduled for delivery from late 2014 and from the first half of 2015, respectively.last_img read more

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Central African Republic UN mission reinforces presence in restive Bambari

This reinforcement makes it possible to better protect Bambari and its inhabitants, as, for the time being, the UN Multidimensional Integrated Stabilization Mission is the only legitimate authority mandated by the Government to control the city. As Mission chief Parfait Onanga-Anyanga recalled: “Bambari should not belong to armed groups.” In a news release, the Mission stressed that the FPRC (Front Populaire pour la Renaissance de Centrafrique)’s coalition and UPC (Mouvement pour l’Unité et la Paix en Centrafrique) represent a threat for civilian populations and that UN peacekeepers will respond in case of violence. However, discussions are ongoing and a UN civilian-military delegation will soon meet with the leader of one of the armed groups. The MINUSCA stressed that Bambari “must be free of armed groups in the coming days.”And the UN Mission today also welcomed the nomination of Toussaint Muntazini Mukimapa as Special Prosecutor to the CAR’s Special Criminal Court. Clashes between the mainly Muslim Séléka rebel coalition and anti-Balaka militia, which are mostly Christian, plunged the country of 4.5 million people into civil conflict in 2013. According to the UN, more more than half the population is in dire need of assistance. Despite significant progress and successful elections, CAR has remained in the grip of instability and sporadic unrest. In December 2016, the Mission supported a new dialogue between 11 of the 14 armed groups, as part of an ongoing effort to disarm the factions. read more

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